Innovation Growth Equity | Lord Abbett

 

Innovation Suite

Our Growth Leaders, Developing Growth, and Micro Cap Growth Funds have already paid their cap gains (ex-date 11/24). Investors can now access these funds without paying a gain for taxable accounts.

Strong History of Outperformance

Growth Leaders Fund

F Share

1-Year
3-Year
5-Year
10-Year
60.72%
26.89%
21.29%
-

Russell 1000 Growth Index
29.22%
18.77%
17.32%
-
Excess Return Over Index +/-
31.50%
8.12%
3.97%
-

Morningstar Large Growth Funds Category Ranking
3rd
4th
5th
 

Developing Growth Fund

F Share

1-Year
3-Year
5-Year
10-Year
46.00%
26.35%
19.00%
16.09%

Russell 2000 Growth Index
13.37%
7.90%
10.36%
11.95%
Excess Return Over Index +/-
32.63%
18.45%
8.64%
4.14%

Morningstar Large Growth Funds Category Ranking
4th
3rd
10th
6th

Micro Cap Growth Fund

F Share

1-Year
3-Year
5-Year
10-Year
51.47%
24.04%
21.28%
17.83%

Russell Micro-Cap Growth Index
22.35%
4.84%
6.72%
9.94%
Excess Return Over Index +/-
29.12%
19.20%
14.56%
7.89%

Morningstar Large Growth Funds Category Ranking
3rd
7th
5th
2nd

F Share Data as of 10/31/2020.

Experienced Portfolio Managers

F. Thomas O’Halloran, J.D., CFA
Partner & Portfolio Manager
 

33 Years of Experience

Matthew R. DeCicco, CFA
Partner, Director of Equities, & Portfolio Manager

21 Years of Experience

Vernon Bice, CMT
Portfolio Manager
 

19 Years of Experience

Tom & Matt have worked together for nearly two decades.

Vernon leads technical analysis for the team with more than 19 years of industry experience* dedicated to technical research.

The team manages our Innovation Growth suite at Lord Abbett.

Growth Investing in the Age of Innovation

 

Whitepapers

A Closer Look at the Recent Market Rotation

For all the talk of a growth-to-value shift, we think investors would be better served by focusing on the longer-term themes of innovation, durability, and vulnerability.

Value and Growth: Moving Beyond the Old Formulas

The shifting investment landscape has upended previous assumptions about the two equity styles. How might allocators adapt to the changed environment?

Why Innovation Stocks are Crucial in Asset Allocation

In a slow negative-growth world, we believe innovators could monopolize equity returns.

Podcast

Innovation: Employing “Work from Home” Stocks in a Growth Portfolio

Portfolio Manager Thomas O’Halloran discusses the trends that have enabled large-scale remote collaboration and learning during the COVID-19 pandemic. First of two parts.

Ask your advisor about our Innovation Suite.

Financial professionals: 888-522-2388.

F Share Data as of 10/31/2020.


Source: Morningstar, Inc. Rankings in the Morningstar® Funds Category reflect all share classes within the category and are based on total return and do not reflect the effect of sales charges. The fund is ranked within a universe of funds similar in investment objective.

Performance numbers for Class F shares for Growth Leaders Fund as of 09/30/2020 for the one-year period was 68.17%; three-year, 29.51%; five-year, 23.49%; and since inception (06/30/2011), 18.18%. Net expense ratio: 0.68%. Gross expense ratio: 0.78%. The net expense ratio for Class F takes into account a contractual fee waiver agreement currently scheduled to remain in place through 02/28/2021 of the Fund's 0.10% Rule 12b-1 fee. For periods when fees or expenses were waived and/or reimbursed, the share class benefited by not bearing such expenses. Without such waivers, performance would have been lower. 

Performance numbers for Class F shares for Developing Growth Fund as of 09/30/2020 for the one-year period was 45.69%; three-year, 26.61%; five-year, 18.64%; and 10-year, 16.41%. Expense ratio: 0.79%. 

Performance numbers for Class F shares for Micro Cap Growth Fund as of 09/30/2020 for the one-year period was 55.79%; three-year, 23.39%; five-year, 20.77%; and 10-year, 18.61%. Gross expense ratio: 1.16%. Net expense ratio: 1.06%.The net expense ratio for Class F takes into account a contractual fee waiver agreement currently scheduled to remain in place through 02/28/2022 of the Fund's 0.10% Rule 12b-1 fee. For periods when fees or expenses were waived and/or reimbursed, the share class benefited by not bearing such expenses. Without such waivers, performance would have been lower. 

Performance data quoted reflect past performance and are no guarantee of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. You can obtain performance data current to the most recent month end by calling Lord Abbett at (888) 522-2388 or referring to our website at lordabbett.com.

*Industry experience as of 01/01/2020.

The S&P 500 Index is a market-capitalization-weighted index of the 500 largest U.S. publicly traded companies.

The Russell 2000® Growth Index measures the performance of those Russell 2000 companies with higher price-to-book ratios and higher forecasted growth values.

The Russell 1000® Growth Index a stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, which represent about 90% of the total market capitalization of that index.

The Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market.

Morningstar Large Growth Category: includes funds that seek capital appreciation by investing in large domestic stocks that are growth-oriented. Large-cap stocks have market capitalizations greater than $5 billion. Growth is defined based on high price/book and price/cash flow ratios. Funds will typically have more than 70% of assets invested in U.S. stocks.

Morningstar Small Growth Index measures the performance of small-cap stocks that are expected to grow at a faster pace than the rest of the market as measured by forward earnings, historical earnings, book value, cash flow and sales.

Morningstar Category Rank Information:

The Growth Leaders Fund share F rankings within the Morningstar Large Growth Category as of 10/31/2020 for the one-year period, 3% (43/1343); three-year, 4% (45/1224); five-year, 5% (49/1089).

The Developing Growth Fund Class F share rankings within the Morningstar Small Growth Funds Category as of 10/31/2020 for the one-year period, 4% (21/625); three-year, 3% (19/573); five-year, 10% (49/509); 10-year, 6% (20/383).

The Micro Cap Growth Fund Class F share rankings within the Morningstar Small Growth Funds Category as of 10/31/2020 for the one-year period, 3% (12/625); three-year, 7% (32/573); five-year, 5% (16/509); 10-year, 2% (4/383).